Firm a Finds It Very Expensive to Reduce Its Sulfur

question 138

Multiple Choice

Firm A finds it very expensive to reduce its sulfur dioxide emissions,while Firm B finds it very cheap to reduce its sulfur dioxide emissions.If a program of tradable pollution permits was enacted,we would most likely see

• A)Both firms decrease their sulfur dioxide emissions by the same amount.
• B)Both firms increase their sulfur dioxide emissions by the same amount.
• C)Firm A reduce its emissions by more than Firm B.
• D)Firm B sell its permit to pollute to firm A.

---

Definitions:

Physical Aspects

Physical aspects refer to the tangible features or characteristics of an object, person, or place that can be observed and measured.

Sanitary Facilities

Facilities designed to ensure cleanliness and hygiene, often including toilets, bathrooms, and systems for waste disposal.

Vicariously Liable

A legal principle where one party is held responsible for the actions or negligence of another party, often within the context of an employer-employee relationship.

Negligent Action

An action or omission representing a failure to take reasonable care, resulting in harm or damage to others.